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Search Results 0 to 12 of about 13 (some duplicates have been removed)
.2934. >> 7.2 magnitude earthquake has struck off the coast of indonesia. reports saying it hit off shore of -- about 200 kilometers northwest of those islands. >> no tsunami warning has been issued. the usgs said the quake was reported at a depth of 158 kilometers. indonesia's's position within the ring of fire makes it prone to it -- indonesia's position within the ring of fire makes it prone to earthquakes. travelers have another nasty surprise waiting for them this morning -- and announced -- an unannounced strike by security workers. that caused several flights to be cancelled. >> frankfurt was particularly hard hit. today's strike complicated cleanup efforts from a recent bout of pretty harsh winter weather. german exports surged to a new high in october. >> the german companies sold almost 100 billion euros in goods and services in the month, up almost 10% compared to last year. it is not all good news. fewer orders from europe caused germany's trade surplus to drop to its lowest level in the last six months, adding to fears that europe's largest economy will contract in the fourth
countries. over 250,000 people died that day. 170,000 in indonesia alone. the bodies of many of those swept away still have not been recovered. loved ones cannot even visit their grave sites. many travel to thailand. a memorial wall pays tribute to those who died there. grieving together, mourners again remember those who passed away. >> we all remember where we were at the time. sports news now, and as the year draws to a close, the german football association has good reason to be satisfied -- all seven of the bundesliga teams in competition at the european level made it through the first round. >> german soccer fans have plenty of reason to smile as they head into the new year and look back on five decades of bundesliga football. >> the bundesliga is celebrating its 50th anniversary, and it has never been stronger as a brand. all three german clubs in the champions league moved through, and all four german clubs are through in the eurobond lead, a first in german soccer. >> the bundesliga is going strong. i only hope germany can win this year. it has been a while, and that would really b
, strong fundamentals. south african rand. look at indonesia. there will be currencies around the world where you generate high yield and policy will be beneficial to the currencies. you have to be selective and it will not always be the same answers over the long term. lauren: we asked our market panel this question so we'll ask you. do you think we'll go over the fiscal cliff? is that priced into the market at all and are we in recession next year if we do? three questions for one. >> i think you will see some form of a compromise. the way i view it if i'm a tea party member house of representatives. i'm looking major tax increases. major cuts to defense spending, no changes to entitlements. david: if i'm tea party member i've had my legs cut out from john boehner. >> that is absolutely you try. if impresident of the united states and democrats i need a plan that allows us to raise the debt ceiling in 2013. the way i view it you blunt severe components of it but still fiscal drag at beginning of the year. you will still have uncertainty what the size and scope of the federal governmen
and efficiently. he gave his cia a lot of roe. they started doing less well by, there's a failed coup in indonesia in 1958, a botched cue in syria i think and 57. and eisenhower's own advisers quietly start telling him the problems here, the father of the -- [inaudible] then like bob lovett and david bruce, smart guys. you've got a problem. and he says, you know, and you to get rid of dulles, allen does. his brother, john foster dulles, sector essay, a little harder to fire him, but more importantly, ike said it takes a strange kind of genius to run an intelligence service. and he's right about that. and allen dulles did have a strange kind of genius. so ike was reluctant to get rid of them. so he did. i think he regretted. susan's dad told me after the u2 got shut down he went to his father on the plane, the paris summit about to collapse her some, and said to him, dad, you should have fired back i. and ike blew up and basically said i'm the president and you're not. but it was little defensive about it because, yeah, he probably should have. these things are always clear in retrospect than they
in indonesia and congo and who wants to be levered to two places where they could wake up and be nationalized. >> most money assets are overseas. this gets them a bigger foot hofoothold in the united states. bhp did this. it's not the only mining company getting more leverage in the energy market. >> we'll keep an eye on shares of freeport. this is not your typical deal that investors immediately understand. >> what don't they know about the fiscal cliff? >> they look to be down 10%. >> we'll watch it. as people know in this market, many times the stock price has been going up. we'll keep an eye on this. it may be throwing people. what does it say about copper overall and the price of the metal. >> i worry, by the way, watch energy 21. this is exxi. another company that bought old properties. one of the things that's happening that's driving this, okay, is that there's new technology. american technology that's able to access oil that the big guys have given up on whether it be exxon given up on energy 21 has or bp and it turns out that these fines may have been bigger so pxp takes advantage
extent. asia, indonesia, africa. they have a very strong balance sheet. so they're in the position to really gain market share even in the context of a slightly slowing macro picture. but interestingly since the third quarter ims, we heard today from standard chartered again and they were quite upbeat particularly for the likes of singapore and i sandia and so forth. so outlook for revenue is actually quite positive and it's on quite a low multiple and could easily rerate towards 12. >> so you reckon own it. >> i think so. even if the the growth prospects were quite limited, i think the balance sheet strength alone justifies expansion. i think it's quite attractive certainly to the rest of the sector. >> citi shedding 11,000 job, around 4% of its workforce. some say it's part of a strategy by the new ceo. citi shares were up on that. so what do you make of ubs getting out of fixed income, citi shedding a huge chuck of jobs. >> i would actually go much further than that. we've had an a revolution. pure to pure growing at 50% per annum. i think it's time to redesign the way they do b
recession in 15 years. here is a quick look at what is on the agenda for tomorrow. indonesia hosed its rate setting meeting. the central bank says it's trying to shore up the weak currently. in malaysia, we'll get october factory output numbers. in geneva, ross westgate will be with us next. ross, what have you got for us? >> would he have been talking to a lot of companies that build up to these trade links, about how they're getting shielded from the global sectors and more opening up of trade. we'll hear from the ceo when we come back from "worldwide exchange." , >>> it's a trade link today. the numbers, the trade disputes this year has gone up. but some global reaches help some companies against the impact. parading at a local level in some companies has given them some form of protection. >> we make fragrances and flavors which go into a really wide variety of products. you know, from the soap, the basic soap that you would see in emerging markets such as china or even africa nowadays to snacks, to instant noodles in asia. but it also goes all the way to luxury fragrances. so that make
, indonesia. we're not seeing a great benefit into europe as we did before. for instance, germany is looking pretty pessimistic. based on its lack of export performance to places like china. >> yeah. when the bundes bank came out and shortly downgraded forecasts, how is the employment picture? if you've got a relatively healthy china and the u.s. consumer bounce back, wouldn't that help germany? >> it certainly would. germany is relatively flat in terms of the employment outlook. so it's not a disaster. but germany trades an awful lot with europe as well as china. so it needs china to pick up in terms of its heavy engineering export performance, creating jobs in the manufacturing sector. but germany and the uk need europe to improve. >> it comes at an inkrd eblly high cost in terms of the number of people out of work. what has been done? how much have we destroyed so that the jobs outlook and growth prospect in this country? >> well, what growth prospect in the southern european countries? we're seeing definitive bifurcation of northern europe and southern europe. southern europe, we are cre
in indonesia, myanmar and is looking in thailand and india for new partners. asia, especially southeast asia is an emerging hot market for other japanese lenders, too. mizuho will set up firms which set up shop in laos given its labor costs and low political risks compared to china. >>> now let's get you the latest results of spain's auction debt. the country is seeing lower yields than the last time it went to market and higher demand. 2015's bid to ratio, 4.8 versus 2 the last one, 3.1 versus 2.6 for the 2017 and the 2040 saw a 2.1 bid to cover. of course, when it comes to the yield, i would give you a sense of what we're seeing on these. 2015 maximum yield coming in just under 3.43%. that's roughly where we stood on the last go around on december 5th. for the 2017, we saw 4.24 versus 4.5, so an improvement. for the 2045 .9 the%. backing up quite a bit relative to the 4.8%. although the last time we saw an auction there was in march 2009. to walk us all through this, let's get back to sylvia peruzzo from nomura. what's your reaction? >> i think we need to take stock of the fact that the co
to squawk this morning. applemaker is confirming plans for a hand set factory in indonesia. foxconn now saying no timeline has been set. it would cost $5 billion to $10 billion following worker deaths, sudz and other things foxconn and apple has set pledged to bridge a new building steemt. >>> leo g ray kowski is the asset managements. really, leo? do you oversee $178 billion? >> i have a lot of help, swroe. >> that sounds like you would have a lot more wrinkles and look a lot more haggard if you had that responsibility. if we get a cliff deal which is looking closer, are our problems over in terms of this sort of market that's been stuck in the mud for a decade, do you think? >> i think a lot depends on time frame, but no is the short answer to your question. i think, you know, markets being discounting mechanisms, i think it's very unlikely that here in the short-term, we get the type of meaningful entitlement reform and a thoughtful and cogent tax code that businesses and individuals can rely on for many, many years. i think that's what will provide us some multiple expansion. so i t
Search Results 0 to 12 of about 13 (some duplicates have been removed)